Tag Archives: FBR fails to refund Rs200bn to exporters

ISLAMABAD: As the stuck-up refunds and tax credit of export-oriented industries swelled to over Rs200 billion in the current fiscal year, the exporters on Tuesday warned of closing down their textile units as a severe liquidity crunch made it impossible to continue their operations. The stuck-up payments range from sales tax refunds to duty drawback of local taxes and levies, …

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